Bizzi provides a platform that automates financial processes for accountants, utilizing Robotic Process Automation (RPA) and AI to streamline invoice processing, expense management, and compliance tracking. This technology reduces manual workload by up to 50%, enhances accuracy to 99.9%, and improves cash flow management for businesses.
Funding
$3.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MFFounders
Product
Problem
Many businesses, especially SMEs, face challenges in managing their financial processes efficiently, leading to increased manual work, errors, and difficulties in optimizing cash flow. Traditional methods of invoice processing, expense management, and compliance tracking are often time-consuming and prone to inaccuracies.
Solution
Bizzi offers a comprehensive platform that automates and streamlines financial operations, leveraging Robotic Process Automation (RPA) and AI. The platform automates invoice processing, expense management, and B2B payments, reducing manual workloads and improving accuracy. By automating tasks such as invoice data extraction, reconciliation, and payment processing, Bizzi enables businesses to optimize their cash flow, minimize errors, and improve overall financial control. The platform also provides features for managing accounts receivable, automating debt collection, and offering access to supply chain financing and working capital loans.
Target Audience
Bizzi primarily targets small and medium-sized enterprises (SMEs) and accounting firms seeking to automate financial processes, reduce manual workloads, and improve cash flow management.
Features
- Automated invoice processing using RPA and AI for data extraction and validation
- Real-time invoice and purchase order (PO) matching to detect discrepancies
- Digital expense report creation and approval workflows for all departments
- Budget management tools for setting financial policies and monitoring expenses against budgets
- Automated order processing to accelerate sales
- Electronic invoice generation compliant with tax regulations
- Automated reminders for debt collection via email and SMS
- Accounts receivable management with DSO tracking and aging reports
- Corporate credit cards with integration into expense management application
- Bank payment processing with transaction reconciliation
- Supply chain financing and working capital loan options
- Integration with ERP systems like Lark, Microsoft Dynamics 365 Finance, Odoo, Oracle NetSuite, and SAP